GM is increasing its investment in charging infrastructure to build trust in EVs
General Motors is set to increase its investment in electric vehicle charging infrastructure by about three-quarters to about अ 1 billion, to lure drivers who are unlikely to have EV charging availability.
The automaker has said it will spend about $ 750,000,000 by 2025 to create more access to public, home and work chargers. The investment has significant implications for GM's Ultimate Charge 360 project.
This is not the first time GM has invested in charging. The automaker last year announced a partnership with popular charging network company Evgo to install more than 2,700 DC fast chargers in five years.
The availability of charging in the service is consistently cited as people are reluctant to transition to an electric vehicle. A recent consumer report survey found that n...